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FirstElement Fuel

Founded Year



Series D | Alive

Total Raised


Last Raised

$105M | 1 yr ago

About FirstElement Fuel

FirstElement Fuel provides a network providing retail hydrogen to customers of fuel cell electric vehicles. The company is the developer, owner, and operator of the True Zero brand of retail hydrogen stations.

Headquarters Location

2549 Eastbluff Drive #334

Newport Beach, California, 92660,

United States


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ESPs containing FirstElement Fuel

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Energy / Decarbonization & Climate Tech

Companies in this market are developing hydrogen fueling station networks. As momentum in fuel cell electric vehicles (FCEVs) grows, companies are building out hydrogen fueling networks in their respective geographies.

FirstElement Fuel named as Highflier among 4 other companies, including Hiringa Energy, NanoSUN, and HTEC.

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Research containing FirstElement Fuel

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned FirstElement Fuel in 2 CB Insights research briefs, most recently on Nov 18, 2021.

Expert Collections containing FirstElement Fuel

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

FirstElement Fuel is included in 2 Expert Collections, including Auto Tech.


Auto Tech

3,380 items

Companies developing battery electric vehicles (BEVs) and fuel cell vehicles (FCEVs) as well as companies working on improvements to battery design, building out charging infrastructure, and launching EV sharing services to help accelerate adoption.


Hydrogen Energy Tech

404 items

Startups in this collection are developing solutions to lower the cost and commercialize the use of hydrogen as a low carbon fuel for heat, manufacturing, fuel cell electric vehicles, seasonal energy storage, and energy transport.

FirstElement Fuel Patents

FirstElement Fuel has filed 5 patents.

The 3 most popular patent topics include:

  • Hydrogen technologies
  • Industrial gases
  • Hydrogen economy
patents chart

Application Date

Grant Date


Related Topics




Industrial gases, Hydrogen technologies, Hydrogen economy, Hydrogen infrastructure, Hydrogen


Application Date


Grant Date



Related Topics

Industrial gases, Hydrogen technologies, Hydrogen economy, Hydrogen infrastructure, Hydrogen



Latest FirstElement Fuel News

Air Water Invests In Leading Hydrogen Station Developer And Operator FirstElement Fuel, Inc.

Dec 1, 2021

. We are pleased to announce that Air Water, Inc. (“AWI”) has invested in California-based FirstElement Fuel, Inc. ("FEF"), the leading developer and operator of hydrogen fuel stations. Bedminster, NJ (PRWEB) - Promoting the commercialization of hydrogen as a cost-effective, clean fuel source in the United States We are pleased to announce that Air Water, Inc. (“AWI”) has invested in California-based FirstElement Fuel, Inc. ("FEF"), the leading developer and operator of hydrogen fuel stations. On November 2, 2021, AWI invested ~$50M in exchange for preferred stock in FEF. The investment will be made through Air Water America, Inc. (“AWA”), a wholly owned subsidiary headquartered in New Jersey. Founded in 2013, FEF is the world’s largest hydrogen retailer. They operate 31 of the 52 hydrogen stations in California, one of the world's leading markets for hydrogen-fueled fuel cell electric vehicles. FEF aims to build a network of 80 hydrogen stations in the state by the year 2024. Ryosuke Matsubayashi, President & CEO Air Water America states, “As part of our continued development in North America, we promote new initiatives and investments related to the hydrogen infrastructure and supply chain in all aspects of production, sales, and distribution of liquid hydrogen. When the hydrogen society commercializes in Japan, we will get our Japanese hydrogen business established quickly by using products and technologies developed in the US. We are excited for our future partnership with FEF as they continue to expand in California and beyond.” In addition to our investment in FEF, we aim to further support the expansion of FEF’s hydrogen fuel station network by providing equipment solutions for FEF's hydrogen station operations, including liquid hydrogen bulk tanks, liquid hydrogen trailers, and refuelers. AWA’s subsidiary, Taylor-Wharton (“TW”) has recently executed a MOU for new product development and a Supply Agreement for the supply of hydrogen storage, transportation, and refueling equipment with FEF. “We are thrilled to support FEF’s strategic growth plan and contribute to reducing carbon emissions via hydrogen fuel cell electric vehicle deployment”, notes Eric Rottier, COO Air Water America and CEO Taylor-Wharton. FEF has raised $105M through this Series-D issuance and Air Water America Inc. took the highest underwriting amount in this round. About Air Water Inc.: Air Water, established in 1929, is one of global leading industrial gas manufacturers. Air Water’s operations are based on industrial gas and related applications and has expanded its business to a great variety of fields, including medical, energy, chemical, agriculture & food and more. To achieve further growth, Air Water has been focusing on developing its business globally and supplies industrial gas in India, Vietnam, and North America in addition to Japan. In the United States, Air Water America, and its group of companies Taylor-Wharton, TOMCO2 Systems, AW-AMCS, and Precision Fabricators provide complete industrial gases solutions including gas supply, related engineering, product for storage and transport and various types of gas applications. About FirstElement Fuel Inc.: FirstElement Fuel Inc is a California-based company established in 2013 to provide safe, reliable, retail hydrogen to customers of fuel cell electric vehicles and heavy-duty trucks. The company is the developer, owner, and operator of the True Zero brand of retail hydrogen stations, which currently represents the largest retail hydrogen station network in the world. About Taylor-Wharton: Taylor-Wharton®, a wholly owned subsidiary of Air Water, Inc. of Japan produces a comprehensive range of cryogenic equipment for storage, transportation, and regasification purpose catering to all aspects of the cold chain supply for Industrial Gas, Hydrogen, and LNG applications. Our products are used in fuel cell, trucking, marine, mine haul, liquefaction, oil and gas, drilling, municipalities, industrial, biomedical R&D, healthcare, bio banking, pharmaceutical, biotechnology, animal fertility and research, metal fabrication, medical, food and beverage, semiconductor, aerospace, construction, and petrochemical markets. Tracing its roots to 1742, TW celebrated its 275th Anniversary in 2017. Visit Taylor-Wharton at Source: PRWeb

FirstElement Fuel Frequently Asked Questions (FAQ)

  • When was FirstElement Fuel founded?

    FirstElement Fuel was founded in 2013.

  • Where is FirstElement Fuel's headquarters?

    FirstElement Fuel's headquarters is located at 2549 Eastbluff Drive, Newport Beach.

  • What is FirstElement Fuel's latest funding round?

    FirstElement Fuel's latest funding round is Series D.

  • How much did FirstElement Fuel raise?

    FirstElement Fuel raised a total of $178.6M.

  • Who are the investors of FirstElement Fuel?

    Investors of FirstElement Fuel include Air Water, Bank of Tokyo-Mitsubishi UFJ, Nikkiso, Japan Infrastructure Initiative, Japan Bank for International Cooperation and 5 more.

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